Gamehost Inc. Reports Q3 Results and Announces Dividend Increase

Gamehost Inc. revealed its third-quarter financial results amidst a challenging market environment. Operating revenue fell by 4.7% to $20.38 million compared to last year, and EBITDA dropped 13.6% to $8.17 million. Earnings per share decreased to $0.24, down from $0.27 in 2023. The company attributes some of these declines to difficulties at Deerfoot and Rivers locations.

Despite these challenges, the company continues its advocacy for a permanent increase in the operators’ share of slot net win. During the quarter, Gamehost repurchased 61,800 shares, totaling $652,700, and reduced its debt by $1.39 million. As interest rates ease, Gamehost looks to renew its lending terms to better its financial position.

Additionally, the Board has approved a 25% increase in the monthly dividend to $0.05 per share, effective November. The Alberta economic outlook appears optimistic with population growth and improving consumer conditions supporting Gamehost's strategic plans.